Worcester Chapter 13 Bankruptcy Lawyer - (508) 928-3038

Experienced Debt Relief Assistance for Massachusetts Consumers

If you do not qualify for
Chapter 7 bankruptcy, you still have the option of filing for bankruptcy under Chapter 13.
This type of bankruptcy is available to both consumers and sole proprietors
of small businesses. Like
Chapter 11, it involves a reorganization plan that will pay off a portion of unsecured
debt over time. This form of bankruptcy is a good option for those who
wish to retain large assets or prevent foreclosure on a home.

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To fully understand how a Chapter 13 bankruptcy filing would affect you,
it is important to consult with an experienced attorney. At Morrison &
Associates, I have provided legal assistance to countless individuals
and business owners for more than 20 years. With 5,000 successfully resolved
cases under my belt, I am extremely knowledgeable and skilled in evaluating
and resolving burdensome debt and credit problems.

How Does a Chapter 13 Bankruptcy Work?

Under a Chapter 13 filing, you will be required to submit to the court
a plan that details how you will make payments towards your debt, usually
over a three- to five-year timespan. Your income and expenses will determine
how much you will be required to pay during that time. This is generally
calculated according to the “means test,” which determines your disposable income for a Chapter 7 bankruptcy
as well. You will, however, be required to make regular payments on your
secured debts, such as your home mortgage or car loan as well.

A Chapter 13 bankruptcy allows you to:

Make up arrears on car or home loans

Pay overdue tax bills

Keep interest from being added to tax debt

Retain property that is non-exempt per Massachusetts bankruptcy exemptions

Stop a foreclosure

A Chapter 13 filing requires that you continue to have a regular income,
some of which will be applied to your creditors via the repayment plan.
Once you have fulfilled the terms of your Chapter 13 plan, whatever remains
of your dischargeable debt will be forgiven.

Personalized Attention at Morrison & Associates

As a Worcester Chapter 13 bankruptcy lawyer, I offer personalized attention
focused on meeting your objectives to relieve your burdensome debt. My
approach is based on an attitude of mutual respect and communication with
all of my clients. I strive to make a positive difference in the lives
of those who entrust me with their financial futures.

The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual
case or situation. This information is not intended to create, and receipt
or viewing does not constitute, an attorney-client relationship.